Introduction
Carrying a balance on your credit card can feel like it never ends, especially with high interest rates adding up every month. This free Credit Card Payoff Calculator shows you how long it will take to pay off your card based on your balance, APR, and monthly payment. You’ll also see how much interest you’ll pay over time — and how much faster you could become debt-free by paying just a little extra each month.
How to Use This Calculator
- Enter your current credit card balance.
- Enter your APR (annual interest rate) — you can find this on your card statement.
- Enter the monthly payment you plan to make.
- (Optional) Try a higher payment amount to see how quickly you can pay off your balance.
- Click Calculate to see your debt-free date, total interest paid, and payoff timeline.